Re: I Bonds

I will be forced to take distribution of my IRA's and 401K soon. I don't
need the money but would like to place it somewhere safe with a decent
return. From my understanding this would be a good place to put the money.
Can you think of other "safe" options?
------------------------
"Harry Thompson" <me@xxxxxxxxxxx> wrote in message
news:tdijf.8232$DW6.3707@xxxxxxxxxxx
>
> "Rumpelstiltskin" <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote in message
> news:g30qo1d1vfhi3ud8m6vme3rsor1nv2lp9c@xxxxxxxxxx
>> On Tue, 29 Nov 2005 18:08:55 -0600, "Harry Thompson" <me@xxxxxxxxxxx>
>> wrote:
>>
>>>
>>>"octogenarian" <jimg2k@xxxxxxxxx> wrote in message
>>>news:1133301233.790626.214050@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>>>> http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
>>>>
>>>> It is good, almost great for fixed income flow.
>>>>
>>>
>>>It looks like these are a version of the old Series E and EE savings
>>>bonds?
>>>Is that right?
>>>
>>
>>
>>
>> You can still get EE bonds at the first link I posted. They only
>> pay about 3% or 4% these days, not worth it IMV. Unlike before,
>> once you buy the EE bond - that's it - the interest doesn't change
>> year-to-year anymore. They might become a good investment
>> again someday if the EE rates shoot up high.
>>
>> You can sell both I and EE bonds after one year by sacrificing
>> 3 months of interest. After 5 years, you can sell them with no
>> penalty. There's no state or local tax, but there is federal tax
>> which is of course the biggest bite. It's normal tax, not
>> capital gains tax.
>>
> Thanks, Rumple, for the info.
>


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